A company has total assets of $1,440,000, long-term debt of $360,000, stockholders' equity of $900,000, and current liabilities of $180,000. The dividend payout ratio is 35 percent and the profit margin is 7.8 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. For any external financing need (EFN), the firm will raise 40% of the EFN in short-term debt and 60% in long-term debt. How much is the amount of long-term debt to be raised if the current sales of $1,800,000 are projected to increase by 15 percent? (Hint: determine the EFN, then the amount of long-term debt to be raised) $64,962.00$60,118.20$55,274.40$50,430.60$45,586.80